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Sonic Realty

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Understanding Commercial Mortgage-Backed Security (CMBS) Loans

Commercial Mortgage-Backed Securities (CMBS) are a type of financial product that has played a significant role in the commercial real estate market. These securities, backed by commercial real estate loans, provide liquidity and investment opportunities. Here’s an in-depth look at CMBS loans, how they work, and their impact on the market. What Are CMBS Loans? […]

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Understanding Energy-Efficient Homes: Benefits and Considerations

Understanding Energy-Efficient Homes: Benefits and Considerations

  In recent years, energy-efficient homes have gained popularity among homeowners seeking to reduce energy consumption, lower utility bills, and minimize environmental impact. These homes are designed and built with features that optimize energy efficiency, promoting sustainability and comfort. Here’s everything you need to know about energy-efficient homes: What Defines an Energy-Efficient Home? An energy-efficient

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Key Real Estate Indicators Affecting the U.S. Housing Market

Key Real Estate Indicators Affecting the U.S. Housing Market

Various economic, demographic, and financial factors influence the U.S. housing market. Understanding these indicators can provide valuable insights into market trends, housing affordability, and investment opportunities. Interest Rates Interest rates set by the Federal Reserve directly impact mortgage rates: Low Rates: Stimulate demand by making borrowing cheaper, potentially increasing home sales and prices. High Rates:

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What Is a Homeowners Insurance Declaration Page?

When you purchase homeowners insurance, you receive a comprehensive document called the homeowner’s insurance declaration page. This page is crucial for understanding your coverage details, policy limits, and other essential information related to your insurance policy. Here’s everything you need to know about the homeowner’s insurance declaration page and why it matters. Understanding the Declaration

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How to File a Homeowners Insurance Claim: A Step-by-Step Guide

Filing a homeowners insurance claim can be daunting, especially after experiencing damage or loss. However, understanding the steps involved can help you navigate the process more smoothly and achieve your desired results. Here’s a Comprehensive guide to filing a homeowners insurance claim. Step 1: Assess the Damage Before you do anything: Assess the extent of

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Affiliated Business Arrangement Disclosure Statement
This is to give you notice that Sonic Loans Inc., Sonic Title Agency LLC, and Sonic Realty LLC have a business relationship. The nature of the relationship between the Referring Party and the provider(s), including percentage of ownership interest, if applicable, is: Sonic Loans Inc., Sonic Title Agency LLC, and Sonic Realty LLC are all 100% owned by the same party. Because of this relationship, this referral may provide any of the above parties with financial or other benefit.
A. Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed provider(s) as a condition for settlement of your loan on, or purchase, sale, or refinance of, the subject property.
THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.
Provider and Settlement ServiceCharge or Range of Charges
Sonic Realty LLC1%-6% of purchase price
Sonic Title Agency, LLC Title Insurance Policy: $950 - $1706 on a $250,000 property. (Rates vary and are dependent on the state, selling price, and loan amount on the property.)
Title Search Fee: $250 - $325 (where applicable)
Closing Fee: $450 - $650
Sonic Loans Inc.

This company provides various real estate mortgage loan origination activities either as a third-party originator or a mortgage broker, including loan pre-qualification, competitive bid process (when providing third-party origination services), loan origination, loan pre-approval, loan structuring, processing, and closing.

Loan Origination Charge: 0-3 % of loan amount (may include 3rd party fees)
Loan Discount Fee/points: 0.5%-6% of loan amount.
Application/Processing Fee: $0.00 - $875.00
Flood and tax service: $0.00 - $95.00
Underwriting Fee: $0.00 - $1295.00
Document Review Fee: $0.00 - $400.00
Appraisal Fee: $0.00 - $850.00
Credit Report Fee: $0.00 - $135.00

Actual charges may vary according to the particular lender selected, the particular services provided, and the underlying transaction, borrower selections, etc. Some or all of these fees may be charged by third parties and/or the Member Mortgage Lender/Mortgage Broker. The Member Lenders and Mortgage Brokers have agreed to pay a fee ranging from 0.5% to 2.75% of the loan amount to Sonic Loans in connection with a range of loan origination services provided by Sonic Loans to the Member Lender/Mortgage Broker. The fees are paid either directly to Sonic Loans by the Member Lender/Mortgage Broker or billed directly to you at closing.
B. Set forth below is the estimated charge or range of charges for the settlement services of an attorney, credit reportingagency, or real estate appraiser that we, as your lender, will require you to use, as a condition of your loan on this property, to represent our interests in the transaction.
Sonic Loans Inc. provides mortgage lender/broker services. Sonic Realty LLC provides real estate brokerage services. Sonic Title Agency LLC provides title insurance and settlement services.

Provider and Settlement ServiceCharge or Range of Charges
Appraisal Fee$0-$800
Credit Report Fee$63-$125
 Actual charges may vary depending on the lender and loan program selected which can be found on your loan estimate.
ACKNOWLEDGMENT
I/we have read this disclosure form and understand that Sonic Loans Inc., Sonic Realty, LLC, or Sonic Title Agency LLC are referring me/us to purchase the above-described settlement service(s) and may receive a financial or other benefit as the result of this referral.